Oil majors including BP, ExxonMobil, Petronas, and Shell have already begun evacuating staff from Iraq, which has the world’s fifth largest proven oil reserves.
http://www.tcetoday.com/latest%20news/2014/june/iraqi-rebels-seize-refinery.aspx
1420: Oil majors BP (LSE: BP.L - news) and ExxonMobil have continued to evacuate staff from Iraq. BP evacuated 20% of its staff, while ExxonMobil has has carried out a major evacuation of staff from Iraq, according to Reuters. The head of Iraq’s state-run South Oil, Dhiya Jaffar, said other companies ENI (NYSE: E - news) , Schlumberger (Vienna: SLBS.VI - news) , Weatherford, and Baker Hughes (Munich: BHU.MU - news) had no plans to evacuate staff from the country following the major incursions advance of Sunni militants through the country. “This message is not satisfactory for us,” said Jaffar. “They should be here on the ground.”
https://uk.finance.yahoo.com/news/live-iraq-conflict-075300754.html
Wise move—get out of Dodge! The Comanches are coming. Take my word on this—you don’t want to be caught alive with these ISIS folks—especially if your a woman.
The oil won’t do them any good if they don’t sell it... so, it’ll wind up on the market one way or the other....